Chartis Targets Private Equity, Venture Capital Firms with Liability Program

Chartis has launched Private Equity Professional Edge, a management and professional liability insurance program for private equity and venture capital firms and their managers.

Private Equity Professional Edge combines directors and officers, professional liability, and employment practices liability coverages into a single form. The policy provides broad protection for funds, management companies and managers from claims arising from activities on behalf of the funds as well as from participation on the boards of portfolio companies.

Private Equity Professional Edge offers features such as:

“With dynamic exposures such as the new registration requirement under the Dodd-Frank Act, today’s private equity and venture capital firms are seeing increased risks of litigation from a variety of sources – limited partners, portfolio companies, investors, regulators, and even their own employees. Defending these lawsuits is a significant distraction and these claims can also be financially devastating for firms and their investors,” said Michael Smith, president of Executive Liability.